PRESS RELEASE Interim Report January – March 2010 • The gross profit from property management for comparable holdings decreased by 2 per cent to SEK 225 million (230). The change can be explained mainly by slightly higher rental losses and higher costs as a result of the severe winter. • The profit after tax for the period was SEK 126 million (-308), equivalent to SEK 0.61 per share (-1.49). The increase can be explained by the fact that no change in the value of the property holdings was considered to have taken place during the period. • The equity ratio was 52 per cent, the net loan-to-value ratio was 19 per cent and the interest coverage ratio multiple was 7.9. • The fair value of the property holdings was set at SEK 18.3 billion (18.1 at the year-end). The increase can be explained mainly by the acquisition of two properties in Gothenburg. • The net asset value following a deduction for the decided dividend was SEK 61 per share (62 at the year-end). • The consolidated net revenue amounted to SEK 339 million (342), a decrease of 1 per cent. • The rental vacancy level at the period-end was 7.2 per cent (6.2 at the year-end) and excluding projects in progress 5.3 per cent (4.0 at the year-end). Stockholm, May 3, 2010 HUFVUDSTADEN AB (publ) Ivo Stopner President Appendix: Interim Report January – March 2010 The information in this Interim Report is information that Hufvudstaden AB (publ) is obliged to publish according to the Securities Market Act and/or the Financial Instrument Trading Act. The information was published on May 3, 2010, at 11:10 am. Questions can be answered by Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone +46 (0)8-762 90 00.
Interim Report January-March 2010Interim Report January-March 2010
PRESS RELEASEInterim Report January – March 2010• The gross profit from property management for comparable holdings decreased by 2 per cent to SEK 225 million (230). The change can be explained mainly by slightly higher rental losses and higher costs...